Monday, November 20, 2006

Scripps Ranch Investment - 11049 Caminito Arcada

This home is owned by a real estate investment outfit called "EKM Properties LLC", it was purchased back in the summer for 2004 for just under $500K and recent went into pending sale status with a list price of $448,900.

Type: Listed on MLS (#066060971)

Resale Price: $448,900
Cost: $499,000
Loss@6% Sales Expenses: $77,034
Loss%: 15.44%

Purchase Date: 07/09/2004
Holding Period: 28 months and counting...

Bedrooms: 3
Bathrooms: 2.5
Square Feet: 1172

Purchase Details: view


Anonymous said...

Hmm I went to zip and searched for that MLS#, it said nothing was found.

Mr. Brightside said...

It just went into pending sale so some of the MLS services probably won't show the listing.

Traitor Broker said...

You are right Mr. Brigthside, the MLS cuts off info on a property once it goes pending. Giving it out to these services after that point does not help real estate sales. Think like a Realtor I say.

Anonymous said...

My wife and I made an offer for 500K on the exact same model and sq. footage in 2004, the seller countered for 530k (greedy a-hole), so we walked and have yet to buy...praise baby jesus.